The purposes of this standard are :
-- to establish a common basis for management to implement and practise Value Management ;
--to help team leaders and team members to practise the methods ;
-- to establish a basis for developing training and certifying procedures for individual competences in Value Management ;
-- to establish a basis for Value Management contractors to provide services ;
-- to establish a basis for certifying companies and organisations ;
-- to improve the quality of Value Management and stimulate innovation in its use ;
-- to improve communication through the use of common terminology.
This standard provides a guide to all managers to practise Value Management and to introduce this discipline within their organisation, and for all other members to understand and participate effectively in Value Management.